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Ligot admits being ‘front’ for condos, homes By Angie M. Rosales 02/25/2011

Friday, February 25, 2011

Ligot admits being ‘front’ for condos, homes

By Angie M. Rosales 02/25/2011

Unable to explain away a deed of sale, with his name and signature for marital consent on a P25-million posh condominium unit in Essensa, Fort Bonifacio under his wife Erlinda’s name as owner, and sold to her brother, former military comptroller under then Armed Forces of the Philippines Chief of Staff Angelo Reyes, Maj. Gen. Jacinto Ligot admitted he and his wife were fronting for others, naming his brother in law although talk had earlier made the rounds that Ligot was a front for some powerful individuals within and outside the military establishment.

More prime properties in the country owned by the Ligot couple were uncovered yesterday by Senate probers investigating the issue of corruption in the military.

Ligot confessed that he and his wife merely acted as “fronts” for some of the questioned properties that are the subject of the forfeiture proceedings against them, but pointed to his brother-in-law as the real owner, Edgardo Yambao, whom Sen. Franklin Drilon noted to have accumulated through the years about P300 million in cash and assets even if there is no showing he had a source of income since 1999..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110225hed1.html

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